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How much NOL can Mask use to reduce taxable income

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Reference no: EM132702841

Problem - Mask Corporation generated a net operating loss of $60,000 in 2018 and taxable income of $24,000 in 2019. How much NOL can Mask use in 2019 to reduce taxable income?

a. $0

b. $19,200

c. $24,000

d. $60,000

Reference no: EM132702841

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